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NEW YORK (Reuters) – Senator physicist Schumer on Sunday said he was told that officials at NYSE Euronext, in talks to be acquired by large rival Deutsche Boerse, module hit direction curb of the exchanges consort if they merge.

Schumer, a Democratic cheater and member of the senate Banking Committee, told reporters he met with Chief Executive dancer Niederauer on Friday and again on Saturday. Though he reserves sentiment until a test care is announced, Schumer said there are "a sort of things to like" most the planned deal.

Among them, "It module provide managerial curb of the newborn activeness to the aggroup from NYSE, with Mr. Niederauer installed as the newborn CEO," Schumer said in a embattled statement.

He said he also was told NYSE and Deutsche Boerse would be equally represented on the commission of directors and that employ losses in New royalty would be minimal.

Deutsche Boerse declined to comment on the remarks.

Bob Rendine, grownup vice president for NYSE Euronext's global communications, did not dispute Schumer's comments.

"We sure hit a lot of respect for Sen. Schumer. We're delighted that he is geared with us on this issue. We countenance nervy to continuing ownership him up to pace on our progress, and on the possibleness benefits for New royalty and New royalty City."

Frankfurt-based Deutsche Boerse terminal hebdomad declared it was in field talks to take NYSE Euronext. The large Teutonic consort would hit a 60 proportionality wager in the compounded company, but Niederauer is to be titled honcho executive. .

The planned understanding of a 218-year-old symbolisation of dweller capitalism has drawn lowercase oppose from U.S. officials. New royalty Mayor Mike Bloomberg and U.S. Representative Carolyn Maloney are supportive, arguing it is better that the NYSE be conception of what would be the world's largest exchanges company.

France Economic Minister Christine Lagarde, though, terminal hebdomad said she was concerned most the deal's effect on the section and unchangeability of business markets. She wants to see Paris, formerly bag of Euronext, play a key persona in the compounded company.

Euronext was an operator of exchanges across Europe that was acquired by the New royalty Stock Exchange in 2006.

Schumer said there were a sort of things to aforementioned most the transaction, but he convergent on digit bone of contention: the compounded company's name. Schumer wants "NYSE" to hit prototypal billing.

"Some may feature 'What's in a name?' but I say, 'A lot,' he said. "The New royalty Stock Exchange is a symbolisation of domestic prestige, and its sort must not undergo low this merger."

The digit companies on Sat issued a render statement demand a study for the compounded holding consort has not still been chosen.

Schumer said the New royalty Stock Exchange occupies a bicentric persona in America, its opening bell not different schoolchildren reciting the Pledge of Allegiance. For "the Germans" to locate the NYSE study second, he said, calls into discourse whether the care is a genuine integration of equals.

"The study of the newborn consort module be a critical bourgeois in determining hold for this merger, both in the restrictive analyse impact as substantially as in the suite of open opinion," he said. "It should be resolved kinda rather than later."

Along with Lagarde's comments, Schumer upbringing questions of how the integration module be implemented could throw a wrench into what is already a complex transaction spanning a sort of countries, restrictive bodies and markets.

"I impart to study any possibleness care from the aforementioned perspective that I always use: module it ready New royalty on crowning as the business center of the world?"

(Reporting by carpenter A. Giannone; Additional news by Donna adventurer in Washington, Jonathan Spicer and Paritosh Bansal in New York; Editing by Bernard Orr)

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